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Multifamily

7th Street Apartments

2057 S 7th St, Lebanon, OR 97355

Listing Price: $1,695,000

Cap Rate
4.90%
Number of Units
16
Occupancy
95.0%
Price/Unit
$105,938
Price/Gross SF
$275.88
Gross SF
6,144

Investment Overview

The 7th Street Apartments is a two-story, garden-style complex located at 2057 South 7th Street, Lebanon, Oregon. The property was constructed in 1994. All 16-units are contained within single building, on a single tax parcel. The unit mix consists of sixteen (16) studio floorplans. Units are in original condition, with double pained windows, vinyl flooring and metal roof. Property amenities include a shared balcony, laundry room, a large storage room and sixteen off-street parking spots. Residents share a small garden area in the back corner of the lot, along with the green space in the front. Each unit is separately metered for electricity and has the ability to be separately metered for water. Currently, the property is professionally managed. The Property's location provides easy access to Highway 34, which leads to the Oregon Coast and connects directly to Interstate 5. The property is adjacent to the Lebanon High School and Cascade Elementary School. The 7th Street apartments are also within 6 minutes or 2.1 miles from Western University of Health Sciences and within an hour of Linn-Benton Community College and Oregon State University.

Investment Highlights

  • Current Rents Trailing Market Average By More Than 32%
  • Well Maintained Units in Desirable Location
  • 16 Units in a Single Building, Offering More Efficient Operating and Maintenance Costs
  • Large Storage Shed, Laundry Room and Ample Parking

Exclusively Listed By

Multifamily

7th Street Apartments

Listing Price: $1,695,000

Cap Rate
4.90%
Number of Units
16
Occupancy
95.0%
Price/Unit
$105,938
Price/Gross SF
$275.88
Gross SF
6,144

Investment Highlights

  • Current Rents Trailing Market Average By More Than 32%
  • Well Maintained Units in Desirable Location
  • 16 Units in a Single Building, Offering More Efficient Operating and Maintenance Costs
  • Large Storage Shed, Laundry Room and Ample Parking

Investment Overview

The 7th Street Apartments is a two-story, garden-style complex located at 2057 South 7th Street, Lebanon, Oregon. The property was constructed in 1994. All 16-units are contained within single building, on a single tax parcel. The unit mix consists of sixteen (16) studio floorplans. Units are in original condition, with double pained windows, vinyl flooring and metal roof. Property amenities include a shared balcony, laundry room, a large storage room and sixteen off-street parking spots. Residents share a small garden area in the back corner of the lot, along with the green space in the front. Each unit is separately metered for electricity and has the ability to be separately metered for water. Currently, the property is professionally managed. The Property's location provides easy access to Highway 34, which leads to the Oregon Coast and connects directly to Interstate 5. The property is adjacent to the Lebanon High School and Cascade Elementary School. The 7th Street apartments are also within 6 minutes or 2.1 miles from Western University of Health Sciences and within an hour of Linn-Benton Community College and Oregon State University.

Exclusively Listed By

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